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STILL BEING MAULED... DOWN and UP !!!

In the article below, Richard Shaw believes the 3.13% move on 7/7 "is a good thing." I do not... see my chart...

seekingalpha.com/article/213607-s-p-500-...

The chart "explains itself", but green bars are bull markets and red are bears. Obviously bear mkts are more volatile, but did you realize how much moreso? I didn't. And as an options trader, index options and the VIX are relatively "new" creations and mostly have just experienced the 1980-2000 bull market. Consequently, I wonder if VIX is not UNDERSTATING volatility!

click to enlarge...  (daily data from 1929)
Dow distribuion of daily change in BULL and BEAR mkts